Chicago Mayor Targets TD Over Services To Smith & Wesson

The Globe and Mail

Posted:
01/26/2013 1:06 pm EST
Updated:
03/28/2013 5:12 am EDT

Chicago mayor and former White House chief Rahm Emanuel. Toronto-Dominion Bank is facing criticism from Emanuel over the bank’s dealings with a major gun manufacturer. (AP Photo/Sitthixay Ditthavong, File) | AP

Toronto-Dominion Bank is facing criticism from Chicago Mayor Rahm Emanuel over the bank’s dealings with a major gun manufacturer, amid the debate over reforming firearms laws in the United States.

In a letter sent to the head of TD’s U.S. operations this week, the Chicago Mayor urged the bank to stop providing financial services to Smith & Wesson Holding Corp. until the gun maker co-operates on gun reforms. TD provides a $60-million (U.S.) line of credit to Smith & Wesson, according to Mr. Emanuel’s office.